Posts filed under 'Media, Entertainment & Advertisement Sector'
The media had reports that New Delhi Television Limited is in talks with NBC Universal to sell between 25 and 30 percent in its UK based subsidiary NDTV Networks Plc.
The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company.
New Delhi Television Limited has vide its letter inter-alia stated,”The Company is at any given point in time involved in talks as part of a constant exploration of possible alliances with prospective partners. The Company does not have any existing contract with any person in respect of the subject matter of the news report referred to in the media.”
January 10th, 2008
The media had reports that Videocon Industries Limited may spin off its myriad energy business into a separate company.
The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company.
Videocon Industries Limited has vide its letter inter-alia stated,”In this connection, we wish to clarify that in line with the recent amendments to the main object clause of Memorandum of Association of the Company; the Company proposes to adopt a structure for pursuing the new activities by creating activity wise verticals. It is proposed to have separate verticals for different lines of activities such as thermal, power, oil & gas, mining of natural resources including coal & renewable energy including solar energy. Further, though a strategic decision has been taken at the group level to compile all the current and proposed business interests of the Videocon group in power, oil and gas, coal, renewable energy in one or more SPVs wholly owned by Videocon Industries limited (VIL), the corporate action if required at VIL level such as demerger etc will be initiated and put through only in compliance with all the regulatory and statutory provisions and requirements.”
December 14th, 2007
The derivative contracts in the underlying BONGAIREFN & ADLABSFILM have crossed 95% of the market-wide position limit on December 10, 2007. It is hereby informed that all clients/ members shall trade in derivative contracts of BONGAIREFN & ADLABSFILM by offsetting their existing positions till the open interest comes down to 80% of the market wide position limit.
December 11th, 2007
The media had reports that B.A.G Films and Media Limited may sell 26 percent stake in Big Glamour to Star TV.
The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company.
B.A.G Films and Media Limited has vide its letter inter-alia stated,”The Company has not sold any stake of B.A.G Glamour to Star T.V. Further, the funds through FCCB’s are to be raised in the Company and not in B.A.G Glamour Pvt. Limited as is quoted in the media.”
November 30th, 2007
The trading in equity shares of Media Video Ltd. shall be recommenced on the Exchange pursuant to scheme of arrangement w.e.f. November 30, 2007. Trading shall be in the Normal Market Segment – Compulsory Demat (Rolling Settlement) for all investors.
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Sr. No.
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Symbol
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Name of the Company
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ISIN Code
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1
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MEDIA
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Media Video Ltd.
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INE141B01020
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November 28th, 2007
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